Exein and its Latest Major funding injection, and big plans.
Exein, an Italian cybersecurity startup aiming to mitigate the threats posed by hackers targeting connected vehicles and other internet of things (IoT) devices, has raised €100 million (approximately $118 million) in fresh funding. JPMorgan’s own private equity arm led a portion of the round, reinforcing strong institutional backing for Exein ’s mission to fortify both automotive and IoT – which are becoming particularly exposed industries in an increasingly hyper‑connected world — against cybercriminal attacks.
Headquartered in and originating from Rome, the company is led by CEO Gianni Cuozzo, and is dedicated to embedded device-level security technology that secures connected systems against complex threats. Its platform bakes real‑time threat detection and response mechanisms into firmware types of devices (firmware and runtime environments) beyond just a network‑wide defense. The technique is aimed at preventing hackers from breaking into cars, factory machinery, medical equipment and power plants at the device level before cascading through cyberspace.
The additional capital will further accelerate the boundless potential for product innovation, growth within global sales and engineering teams, as well as augment Exein’s technology footprint in major markets such as North America, Asia and Europe.” As cars are becoming connected, powered by ever-more complex software stacks, automotive security has skyrocketed to the top of manufacturers’ and regulators’ priority list.
Why Automotive Cybersecurity Matters Now
Today’s cars are basically rolling computers. Modern cars have become susceptible to knowledge-based remote exploitations due to their ADAS, OTA updates and internet connections. Recent research in cybersecurity has shown vulnerabilities in electric vehicles, infotainment systems and telematics units have been hacked in‑vehicle security is a high priority for the automotive industry.” This is the playground on which companies such as Exein play, providing critical shields.
Exein’s security products are used in the automotive sector, but also energy, healthcare, aviation and industrial automation. The company already protects more than a billion IoT devices around the world and has partnerships with leading chipmakers and OEMs. Its technology is also enabling customers to comply with increasingly stringent global cybersecurity regulations, such as Europe’s NIS2 and Cyber Resilience Act frameworks, which call for defense in depth for critical infrastructure and embedded systems.
As Exein continues to expand its operations and strengthen its runtime security offerings, the startup is primed to be a leader in the growing market for embedded IoT and automotive cybersecurity — one that will only continue to grow as connectivity and smart mobility technologies do.
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